Nikulski Financial Inc. Buys New Stake in salesforce.com, inc. (CRM)

Nikulski Financial Inc. bought a new stake in shares of salesforce.com, inc. (NYSE:CRM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,455 shares of the CRM provider’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas Brown Inc. lifted its holdings in shares of salesforce.com by 11.6% in the second quarter. Atlas Brown Inc. now owns 3,328 shares of the CRM provider’s stock worth $474,000 after buying an additional 345 shares in the last quarter. Lyell Wealth Management LP lifted its holdings in shares of salesforce.com by 0.9% in the second quarter. Lyell Wealth Management LP now owns 37,483 shares of the CRM provider’s stock worth $5,113,000 after buying an additional 348 shares in the last quarter. Newport Wealth Strategies Inc. lifted its holdings in shares of salesforce.com by 17.7% in the second quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock worth $320,000 after buying an additional 353 shares in the last quarter. Zeke Capital Advisors LLC lifted its holdings in shares of salesforce.com by 2.2% in the second quarter. Zeke Capital Advisors LLC now owns 16,324 shares of the CRM provider’s stock worth $2,227,000 after buying an additional 356 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC lifted its holdings in shares of salesforce.com by 4.5% in the third quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock worth $1,366,000 after buying an additional 370 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

In related news, insider Amy E. Weaver sold 5,325 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $138.61, for a total value of $738,098.25. Following the completion of the sale, the insider now directly owns 27,432 shares of the company’s stock, valued at $3,802,349.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $135.11, for a total transaction of $675,550.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 18,000 shares of company stock worth $2,703,900 and sold 508,427 shares worth $76,685,846. Corporate insiders own 6.00% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Nomura assumed coverage on shares of salesforce.com in a research note on Monday, October 29th. They set a “buy” rating and a $181.00 price target on the stock. TheStreet downgraded shares of salesforce.com from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. JMP Securities upped their price target on shares of salesforce.com from $140.00 to $163.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. Jefferies Financial Group upped their price target on shares of salesforce.com to $168.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Finally, UBS Group upped their price target on shares of salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. Six analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $165.25.

CRM stock opened at $135.44 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm has a market cap of $103.51 billion, a price-to-earnings ratio of 300.98, a PEG ratio of 4.50 and a beta of 1.38. salesforce.com, inc. has a twelve month low of $98.68 and a twelve month high of $161.19.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, analysts anticipate that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

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salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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